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trader_jackson
Sep 18, 2019 1:35 PM

A Possible Ending Diagonal to Around $0.10, Then "straight" Up Short

XRP / US DollarPoloniex

Description

It appears we are moving down in 3 waves, giving a possible Ending Diagonal for a bottom. I would expect a bottom near $0.10 with a thrust up to the beginning, around $0.79

Anything above around $0.43 would negate this outlook. The alt count in neon green (a Flat) would be in play, meaning still one more low.

Comment

Just to be clear, it's the blue count that I'm tracking/trading as my Primary count....i,ii,iii,iv,v.

The converging lines may be slightly misplaced as of now but are there as my guideline of roughly what to expect.

Comment

Move A-Circle to where green (B) is and B-Circle to where (A) is. We should be in wave C-Circle of iii, to around $0.12-0.13, then wave iv to $0.246 area to overlap with i.
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